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Forget whisky bottles and casks; investors can now trade with tokens

Jeffrey Tan
Jeffrey Tan2/5/2021 06:31 AM GMT+08  • 7 min read
Forget whisky bottles and casks; investors can now trade with tokens
The tokens are linked to a collection of exclusive casks of single-malt Scotch Whisky known as Casks of Distinction (COD).
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In October 2018, a bottle of rare single malt Scotch whisky set a new world record price. The Macallan Valerio Adami 1926 was sold for GBP700,000. Just one year later, the same bottle was sold for an impressive GBP1.5 million at an auction held by Sotheby’s.

Transactions such as these illustrate how far whisky has quietly come into its own as an underrated investment asset in the past decade. But now, accredited investors can seize new opportunities in whisky investments from the introduction of an innovative product.

On Jan 18, Rare Cask Holdings announced the listing of Southeast Asia’s — if not, the world’s — first digital whisky-based asset-backed securities (ABS) on private securities exchange Hg Exchange (HGX). Rare Cask is a wholly-owned subsidiary of PrimePartners Corporate Finance Holdings. The whisky-based ABS are underpinned by Zilliqa’s blockchain technology and are linked to a collection of exclusive casks of single-malt Scotch Whisky known as Casks of Distinction (COD).

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